Comcast Rise Initiative Accepts Second Round of Minority Grant Applications – WISH-TV | Indianapolis News | Weather Indiana
INDIANAPOLIS (WISH) – Additional financial assistance is available for minority business owners. Comcast Rise Completes Second Round Of Grants And There Is Still Time apply.
Many businesses – if they’ve managed to stay open during the shutdown – are still struggling. And while the pandemic has affected everyone, blacks, natives and other people of color have felt the impact a little more. This is why Comcast is mobilizing again to help.
Sweatboxx wellness center the owners were given the keys to their 16th Street and North Post Road location on March 7, 2020. Days later they would be faced with an unexpected challenge.
“We hadn’t even moved our gear and things like that,” said co-owner Suzette Sweatt.
A global pandemic has forced businesses in the state and county to shut down. Sweatt and her husband had to come up with a plan, but it took a while to get there.
“For the first few weeks it was a pity party. It was a crying party, but then we were like, ‘You have to come back and figure it out. So we had to pivot very quickly.
The loans have helped, as has the Comcast Rise Initiative grant created last year to help blacks, natives and other people of color who own small businesses.
“Part of the program is not just a check. We hope you are doing well. These are marketing services and branding. We help with website design, ”said Mike Wilson, Comcast public relations representative. “There are all kinds of features and functions besides just writing a check.”
Between February and April 2020, depending on National Bureau of Economic Research, 41% of Blacks, 35% of Latin Americans and 25% of Asian businesses have gone bankrupt. This is compared to 21% of businesses belonging to the “general population”.
“The disparity is real, and it’s something we want to fix,” Wilson said.
Sweatt said it has changed some of its business models to continue. And while there is some financial relief, she’s hoping we’ll get back to some level of normalcy.
Sweatt said it was important not to be discouraged. She applied a few times before receiving a scholarship.
The deadline to apply is May 7th.